DPMS Prepares for Future Under New Ownership
Focus on developing innovative products and serving our customers

ST. CLOUD, Minn., Dec. 13 /PRNewswire/ -- DPMS, a leading supplier of
AR15 based rifles, parts and accessories announced today that its assets
have been acquired by an affiliate of Cerberus Capital Management, L.P.
Randy Luth, DPMS founder and President, remarked, "We were looking for
a partner that could enhance our expertise in operations and further
develop our sales and marketing capabilities. Cerberus is a partner that
can help us in those areas and provide the financial and operational
resources required to expand our business. We look forward to working with
them. After starting this business 21 years ago, I couldn't be more excited
about our prospects for the future, both in terms of the growth we believe
we can achieve and the level of satisfaction and value we can provide to
our customers."
In connection with the transaction, Mr. Luth will remain President of
the newly formed DPMS Firearms, LLC and will continue to oversee the
strategic and operational aspects of DPMS. Added Mr. Luth, "I would like to
thank our employees, first and foremost. Their hard work, and the support
of our dedicated customers, has brought us to where we are today. As we
look forward, we see increased interest in our new calibers, based on the
proven DPMS 'LR' rifle platform. With our technical expertise and the
commitment of our new owners, we intend to broaden the breadth and depth of
our rifle and accessories offerings to current and new markets. We will
continue to provide not only great value to our loyal customers, but also
the high level of customer service we are known for."
The March Group, a private investment banking firm based in Nashville,
TN, acted as financial advisor to DPMS. Principal Brantley Kemp was
responsible for managing the transaction and advising DPMS on its strategic
alternatives.
About DPMS Firearms, LLC
Headquartered in St. Cloud, Minnesota, DPMS Firearms, LLC manufactures
and distributes a complete line of AR15 based rifles and components, as
well as rifle platforms in other calibers. DPMS systems are in use by law
enforcement agencies, military personnel and civilians worldwide, including
the U.S. Border Patrol, security agencies in Iraq, the Jordanian army,
America's top competitive shooters and big game hunters.
Media Contact
For DPMS Firearms
Dustin Emholtz: 1-800-578-3767